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Rule Title: UNENCUMBERED ASSETS AS ADDITIONAL SURETY
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Department: ADMINISTRATION, DEPARTMENT OF
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Deferred Deposit Lending
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.1503    UNENCUMBERED ASSETS AS ADDITIONAL SURETY

(1) The statutorily required $25,000 in unencumbered assets shall serve as additional surety for the licensee's operations. These assets shall remain unencumbered.

History: 31-1-702, MCA; IMP, 31-1-702, 31-1-705, MCA; NEW, 2000 MAR p. 71, Eff. 11/5/99; TRANS, from Commerce, 2001 MAR p. 1178.


 

 
MAR Notices Effective From Effective To History Notes
11/5/1999 Current History: 31-1-702, MCA; IMP, 31-1-702, 31-1-705, MCA; NEW, 2000 MAR p. 71, Eff. 11/5/99; TRANS, from Commerce, 2001 MAR p. 1178.
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